Date: 3 May 2009
Charter plc – A second bite of the cherry.
Today Charter Plc (CHTR.L) is down over 6.5%. My plan was to go long on a pullback such as this one and I was filled at 463.08.
My order details;
Buy Market @ 463.08p (Pre-determined entry point)
Stop – 434.08p (Logical level of support)
Target – 522.08p (75% of the upward channel)
Position size – £7/point. (£7 * 29pts = [...]
Trading Update – Centamin Position Closed
Today I closed my Long on Centamin before my stop was hit. The reason was pretty simple, it is currently following Gold on a downward path.
Centamin Egypt
Entry: 50.57 (24th Feb 2009)
Exit: 53.36 (20th April 2009)
Attic Fund profit: 0.7%
I will continue to monitor this stock as I am bullish on the long term, but I am [...]
Trading Update – Autonomy continues to tank
Today saw my 1300 stop on Autonomy hit. It wasn’t a great surprise, but left me feeling a little disappointed given it was up at 1400 a couple of days ago.
Autonomy Corp Plc
Entry: 1237 (17th March 2009)
Exit: 1300 (15th April 2009)
Attic Fund profit: 1.9%
I will continue to look for buying opportunities on this stock [...]
Charter plc – A missed opportunity….
In my blog post on 30th March, I highlighted Charter Plc as a stock I would be interested in getting involved in. I was waiting for a pullback, which duly occurred on 8th April (see point B on the chart below). My limit order was set at 432 (just so you know I’m not making [...]
Trading Update – Hurry up and wait…
AtticFund Update;
Centamin Egypt +12.9%
Autonomy Corp +6.7%
AtticFund +3.8%
After Mondays rise in Gold ($884 to $894), I felt that Centamin Egypt (CEY.L) could well benefit from this rise and from the open things looked good, with Centamin rising from 57.3 on open to a high of 60.8p in only 2 hrs.
As I’m using a leveraged product this [...]
Trading Update – Rough ride for the AtticMan
It’s been a rough couple of days for the fledgling AtticFund. With both stocks falling dramatically in the last couple of days.
Centamin is down 14.7% from a high of 62.2 on 1st April to 54.2 today and Autonomy is down7.3% from a high of 1421 yesterday to 1324 today.
It’s never nice when the portfolio takes [...]
Trading Update – The AtticFund (5.5% for month)
Centamin Egypt CEY.L (+19.8%)
Daily candles show indecision. There is potential for a pullback/correction.
Keep an eye on the weekly candles, potential bearish formation.
Potential Resistance @ 65
Potential Support @ 60
Stop @ 51.58 (Trade is now risk free)
Target @ 70
Autonomy Corp AUTN.L (+9.11%)
Daily and weekly candles are bullish
Potential Resistance @ 1360
Potential Support @ 1250
Stop @ 1250 (Trade [...]
Building the ‘AtticFund’ Additions to watchlist
I’m still working toward being fully invested. With 2 positions moving nicely in my direction, I have room for 3, possibly 4 further investments.
I’ve become to realise that generating investment ideas is not my forte. My forte lies in the analysis of a company that may have been brought to my attention either from another [...]
Centamin Egypt – Trading update
Centamin is doing great. Up nearly 18% since I went long.
That is a good gain and my swing trading experiences are screaming at me to close this position and book a profit. I’ve never been in a position on an instrument which made an 18% gain before, my previous best was a Soybean trade that [...]
